Friday, February 28, 2014

Massachusetts Man Indicted For Allegedly Embezzling $1 Million From Fire Extinguisher Company Where He Served As Bookkeeper

From the Springfield Republican on 2/27/14:

The former bookkeeper for a West Springfield business was indicted Thursday by a Hampden County grand jury in connection with the embezzlement of more than a $1 million over a three-year-period by manipulating the books, according to Massachusetts Attorney General’s Office.
Jeffrey Cinelli, 50, of Montgomery, was indicted on five counts of larceny of more than $250, and four counts of making a false entry into corporate books. He is due to be arraigned on the charges in Hampden Superior Court on March 14.

Prosecutors charge that between January 2006 and May 2009, Cinelli, who at the time was the bookkeeper for Massachusetts Fire Technologies Inc., of West Springfield, funneled money from the company’s accounts to pay his own credit card debt, and then altered the books to conceal his actions.

Read the story here.

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